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Yes, the LIBOR scandal affects you too...
Old 07-13-2012, 02:12 AM   #1
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Yes, the LIBOR scandal affects you too...

Have you seen this, from the WSJ :

Yes, the Libor Scandal Affects You - Real-Time Advice - SmartMoney

The latest financial scandal does not bode well for investors.

By the way where were the auditors, in this case PwC for Barclays ?
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Old 07-13-2012, 10:58 AM   #2
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How about this new bombshell: New York Fed Responds to Congressional Request for Information on Barclays - LIBOR Matter - Federal Reserve Bank of New York ?
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Old 07-13-2012, 01:40 PM   #3
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Originally Posted by obgyn65 View Post
..................
By the way where were the auditors, in this case PwC for Barclays ?
I'm increasingly convinced that the banks are crooked and own congress. We are screwed.
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Old 07-13-2012, 02:36 PM   #4
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"... these estimates became increasingly hypothetical"

Oh, I HAVE to remember that phrase! It appears to be a nicely turned way of saying that someones numbers are BS.
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Old 07-13-2012, 08:18 PM   #5
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Originally Posted by M Paquette View Post
"... these estimates became increasingly hypothetical"

Oh, I HAVE to remember that phrase! It appears to be a nicely turned way of saying that someones numbers are BS.
That is classic.

Here's a more 'street version' - same idea (couldn't find it on youtube, hopefully this links OK):

Truth about the band from The Blues Brothers | Anyclip

Quote:
Elwood Blues: What was I gonna do, take away your only hope?
Take away the very thing that kept you going in there?

I took the liberty of BS'ing you. Okay?


Joliet' Jake Blues: You lied to me.

Elwood Blues: It wasn't lies. It was just BS.
-ERD50
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